DPIIT recognised startup Government of India
Startup India
Mahima Syntex Private Limited
Mahima Syntex Private Limited - home & lifestyle in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹85.86 Cr
▲ 17% YoY
Net profit · FY 2025
₹1.75 Cr
Net margin 2%
EBITDA · FY 2025
₹2.42 Cr
EBITDA margin 2.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Mahima Syntex Private Limited
Data last updated:
Mahima Syntex Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 21 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2020PTC112867. Its GSTIN is 24AANCM3464E1ZH (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Naresh Satyanarayan Garg and Nandini Naresh Garg.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 103 Shagun Complex 93 Swastik Society Opp.Fairdeal House Navarangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹85.86 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.75 Cr (net margin 2%) and EBITDA of ₹2.42 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 164% over five years.
Mahima Syntex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0141808).
Company details
CIN U51909GJ2020PTC112867
Registration Number 112867
Incorporation Date 21 February 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0141808
Key People
Naresh Satyanarayan Garg Director Nandini Naresh Garg Director Prakhar Naresh Garg Director Recognitions & Rankings of Mahima Syntex
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0141808
Contact details
Mahima Syntex Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address103 Shagun Complex 93 Swastik Society Opp.Fairdeal House Navarangpura, Ahmedabad, Gujarat, India – 380009
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Mahima Syntex Private Limited, buy the company report.
Comprehensive company report
Mahima Syntex Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Mahima Syntex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mahima Syntex Private Limited, buy the company report.
Financials of Mahima Syntex Private Limited
FY 2025 filings availableMahima Syntex Private Limited reported revenue of ₹85.86 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹85.86 Cr ▲ 17%
Net profit · FY 2025
₹1.75 Cr margin 2%
EBITDA · FY 2025
₹2.42 Cr margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 32%
5 years · compounded
▲ 164%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▼ 15%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 164% over five years, including 17% growth in the latest year. EBITDA fell 1% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.75 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mahima Syntex Private Limited, buy the company report.
Board of directors of Mahima Syntex Private Limited
Mahima Syntex has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Satyanarayan Garg | Director | 21 Feb 2020 | 6 Years 8 Months | Current |
| Nandini Naresh Garg | Director | 21 Feb 2020 | 6 Years 8 Months | Current |
| Prakhar Naresh Garg | Director | 01 Feb 2025 | 1 Years 9 Months | Current |
Peer comparison
Mahima Syntex Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| H V Impex Private Limited | ₹86.27 Cr (FY 2025) | -13.0% | Ahmedabad, Gujarat, India | |||
| Mahima Syntex Private Limitedthis company | ₹85.86 Cr (FY 2025) | ₹1.75 Cr | 2% | 17.0% | Ahmedabad, Gujarat, India | |
| Twinstar Industries Limited | ₹85.55 Cr (FY 2019) | -54.0% | Mumbai, Maharashtra, India | |||
| Duke India Limited | ₹85 Cr (FY 2025) | 301.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Mahima Syntex Private Limited, buy the company report.
Auditor
Mahima Syntex Private Limited is audited by DINESH J SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH J SHAH & ASSOCIATES | FY 2023 | 0121701W |
Shareholding
The shareholding of Mahima Syntex Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mahima Syntex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mahima Syntex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahima Syntex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mahima Syntex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCM3464E1ZH | Gujarat | Active | 16 Mar 2020 |
To see the full GST registrations and return filing status of Mahima Syntex Private Limited, buy the company report.
Recent activity
Mahima Syntex Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Prakhar Naresh Garg was appointed as Director on 01 Feb 2025.
AGM
Mahima Syntex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mahima Syntex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Prakhar Naresh Garg was appointed as Director.
Appointed
Nandini Naresh Garg was appointed as Director.
Appointed
Naresh Satyanarayan Garg was appointed as Director.
Incorporation
21 Feb 2020
Mahima Syntex Private Limited was registered on 21 Feb 2020 with Roc Ahmedabad & aged 6 years 8 months as per MCA records.
Frequently asked questions
Mahima Syntex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 21 February 2020 (6+ years old) and is registered under CIN U51909GJ2020PTC112867.
Mahima Syntex has 3 current directors:
- Naresh Satyanarayan Garg - Director
- Nandini Naresh Garg - Director
- Prakhar Naresh Garg - Director
The latest financial statements of Mahima Syntex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Mahima Syntex is 24AANCM3464E1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahima Syntex is U51909GJ2020PTC112867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahima Syntex was incorporated on 21 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mahima Syntex by revenue are H V Impex Private Limited, Twinstar Industries Limited, Duke India Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Prakhar Naresh Garg was appointed as Director on 01 Feb 2025. Nandini Naresh Garg was appointed as Director on 21 Feb 2020. Naresh Satyanarayan Garg was appointed as Director on 21 Feb 2020.
Yes, Mahima Syntex is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Mahima Syntex is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0141808).
The registered office of Mahima Syntex is at 103 Shagun Complex 93 Swastik Society Opp.Fairdeal House Navarangpura, Ahmedabad, Gujarat, India – 380009.
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